Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’

The CEO of the UK’s largest listed residential landlord has taken aim at private landlords whom she ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’ | LandlordZONE.

Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’

The CEO of the UK’s largest listed residential landlord has taken aim at private landlords whom she accuses of leaving tenants in constant fear of eviction.

Helen Gordon, boss at Build to Rent expert Grainger, told Property Week that it had a stronger social conscience than many of its competitors.

“On the topic of Environmental, Social and Governance, our ‘S’ is much stronger than many other property companies. Anyone renting with a buy-to-let landlord is worried they’ll be served notice at any time. In a Grainger block, people are working all the time to make sure you stay with us.”

She adds that as the country has reopened, demand has swelled for its high-quality, professionally managed rental product. “We launched schemes in Southampton and Manchester at the end of March,” Gordon says.

“Our Southampton scheme has beaten all records – it’s now fully let. We had allowed a year to lease it up, and it happened in under four months. And in Manchester, 140 units have already been let.”

Technology

Gordon believes the emphasis Grainger places on technology and service is a key reason for continued demand for its properties.

“We have superfast broadband going into each apartment, not being split at the building,” she points out. “We doubled the speed for our customers during the pandemic.

“Grainger offered co-working spaces, gyms, extensive cleaning regimes and even parcel collection. We were doing shopping for people. That really differentiates us from the buy-to-let landlord who may have been absent.”

The firm, which has 9,000 operational units, with another 9,000 in the pipeline, boasts that it has been particularly resilient during the pandemic, with rent collection levels at about 97-99%, while others have struggled. Gordon suggests that local councils struggling to meet housing targets should also consider partnering with Build to Rent developers.

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©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’ | LandlordZONE.

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LATEST: Councils’ are ‘doing too little’ to tackle rogue landlords, says NRLA

Criminal and rogue landlords are very unlikely to be fined over their activities with just 3,500 penalties ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - LATEST: Councils’ are ‘doing too little’ to tackle rogue landlords, says NRLA | LandlordZONE.

LATEST: Councils’ are ‘doing too little’ to tackle rogue landlords, says NRLA

Criminal and rogue landlords are very unlikely to be fined over their activities with just 3,500 penalties issued by local authorities since 2018, it has been revealed.

This is despite ministerial claims that there are 10,500 such landlords in operation, says the National Residential Landlords Association (NRLA).

“Our findings show that most councils are failing to use all the tools available to them to tackle rogue and criminal landlords,” says Chris Norris (pictured), Director of Policy and Campaigns at the NRLA.

“By failing to apply appropriate sanctions to punish wrongdoing, councils are weakening the principle of deterrence which underpins the civil penalties regime.

“We are calling on all councils to ensure they are making full and proper use of the powers they have to tackle those landlords who cause misery to tenants and bring the sector into disrepute.

“The Government’s plans to reform the private rented sector due later this year will mean nothing if changes are not properly enforced.”

FOI requests

The quizzed local authorities across the UK via multiple Freedom of Information requests and found that very few had issued civil penalties against errant landlords, which can reach £30,000 under current rules brought in three years ago.

It also found that over half of authorities had not issued any civil penalties since these regulations were introduced.

Of those that did, most had issued only a handful with 71 per cent of all civil penalties being generated by just seven per cent of local authorities. And 40 per cent of councils that had issued civil penalties issued between just one and five penalties.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - LATEST: Councils’ are ‘doing too little’ to tackle rogue landlords, says NRLA | LandlordZONE.

Source : Landlord Zone More   

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